Daily fantasy sports cleared to resume in New York state

ALBANY, N.Y. – DraftKings, FanDuel and other daily fantasy sports companies have been cleared to resume business in New York state.

The state's Gaming Commission on Monday granted permits to five daily fantasy operators following the passage of a new state law regulating the popular online games.

This year, the industry suspended business in New York after Attorney General Eric Schneiderman likened the games to illegal gambling.

Lawmakers then passed a law that defined daily fantasy sports as a "game of skill" and imposed consumer protections. The law also required operators to pay a $50,000 annual fee and a 15 percent tax on revenue.

The temporary permits issued Monday come just before the start of the 2016 NFL season. The gaming commission continues to work on long-term regulations.